Deemed export benefits: return obligations triggered if external funding fails, with specific project exceptions and conditional relief. The Public Notice substitutes project names to include Talcher Super Thermal Power Project Stage II and related HVDC works, and replaces paragraph three to address deemed export benefits where World Bank funding fails: suppliers are to be treated as if covered by Paragraph 10.2(d) of the EXIM Policy, Power Grid Corporation must return cash equivalents of deemed export benefits except for Talcher Stage II, and for Talcher Stage II NTPC must return only the cash equivalent of the additional benefits specified in Paragraphs 10.3(a) and (b) subject to Paragraph 10.11 of the Handbook of Procedures.
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Deemed export benefits: return obligations triggered if external funding fails, with specific project exceptions and conditional relief.
The Public Notice substitutes project names to include Talcher Super Thermal Power Project Stage II and related HVDC works, and replaces paragraph three to address deemed export benefits where World Bank funding fails: suppliers are to be treated as if covered by Paragraph 10.2(d) of the EXIM Policy, Power Grid Corporation must return cash equivalents of deemed export benefits except for Talcher Stage II, and for Talcher Stage II NTPC must return only the cash equivalent of the additional benefits specified in Paragraphs 10.3(a) and (b) subject to Paragraph 10.11 of the Handbook of Procedures.
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